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光绪二十六年,因制钱实值已超过名价,销毁了很多制钱,以致货币大感缺乏,加以外患频仍,财政拮据,已无力再铸制钱。于是仿照日本和香港铸造辅币办法,开始停铸制钱,改铸铜元。两广总督李鸿章首先开铸铜元,闽浙总督亦从事之。光绪二十七年十二月,下诏各省,着沿海各省督抚筹款仿办,因此各省争与开铸。光绪二十八年冬,直隶总督袁世凯见天津钱荒,于是大铸铜元,仅三个月时间,就铸出铜元千万枚,获得百数十万两,从此就有12个省建立了铜元局16所,购买铸机约900台。到光绪三十年已铸铜元17亿枚,光绪三十一年又达45亿枚。
Twenty-six years Guangxu, due to the actual value of money has more than the price, destroyed a lot of money, resulting in a lack of currency sense, to be frequent foreign affair, financial constraints, have been unable to cast the money. So I modeled Japan and Hong Kong coins coin method, began to stop casting money, change copper. Governor Li Hung-chang of Guangdong and Guangxi first started casting bronze coins and the governor-general of Fujian and Zhejiang also engaged in it. Twenty-seven years Guangxu December, Xiazhao provinces, coastal governor fundraisers fake, so the provinces fight and cast. Twenty-eight years of the Guangxu winter, Governor Yuan Shikai see the money shortage in Tianjin, so a large copper coins, only three months time, cast a million copper dollars, hundreds of thousands of two, since then there are 12 provinces established 16 copper bureau, buying about 900 casting machine. In the thirty years of Guangxu, copper coins of 1.7 billion pieces have been cast and those of Guangxu in the past 31 years have reached 4.5 billion pieces.